Innovation Beverage Group Limited (NASDAQ:IBG – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 65,942 shares, an increase of 64.1% from the August 15th total of 40,184 shares. Approximately 6.2% of the company’s shares are short sold. Based on an average daily volume of 492,455 shares, the short-interest ratio is currently 0.1 days.
Innovation Beverage Group Stock Up 4.4%
NASDAQ:IBG opened at $1.02 on Thursday. Innovation Beverage Group has a 1-year low of $0.72 and a 1-year high of $32.50. The firm’s 50-day moving average price is $0.95 and its 200-day moving average price is $1.21.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Innovation Beverage Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th.
About Innovation Beverage Group
Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.
The company’s operations encompass product development, supply chain management and go-to-market support.
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